Shannon Daley Memorial Fund Inc

Analysis

Shannon Daley Memorial Fund Inc is a registered charity in United States, based in Flemington, NJ. It received its IRS tax-exemption ruling in September 2004, 22 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Shannon Daley Memorial Fund Inc reported income of $263k and spending of $258k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $242k to $263k (+8.6%), an average of +2.1% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Shannon Daley Memorial Fund Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 66th percentile within NJ. Charities of a similar size with the same main cause include St Clair Childrens Advocacy Center Inc ($263k), Shahid Afridi Foundation ($263k) and Southlake Womens Club Foundation ($263k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.2% of the total. At year end it held assets of $195k against liabilities of $0, net assets of $195k.